PO Recovery. As to any Distribution Date and Loan Group, the lesser of (a) the PO Deferred Amount for the PO Component of the Related Group for such Distribution Date and (b) an amount equal to the sum as to each Mortgage Loan in such Loan Group as to which there has been a Recovery received during the calendar month preceding the month of such Distribution Date, of the product of (x) the PO Percentage with respect to such Mortgage Loan and (y) the amount of the Recovery with respect to such Mortgage Loan.
PO Recovery. As to any Distribution Date, the lesser of (a) the PO Deferred Amount for the Class 30-PO Certificates for such Distribution Date and (b) an amount equal to the sum as to each Mortgage Loan as to which there has been a Recovery received during the calendar month preceding the month of such Distribution Date, of the product of (x) the PO Percentage with respect to such Mortgage Loan and (y) the amount of the Recovery with respect to such Mortgage Loan.
PO Recovery. (I) With respect to the Class 15-PO Certificates, any 15-Year Loan Group, Recoveries on Discount Mortgage Loans of such Loan Group, and any Distribution Date, an amount equal to the lesser of (a) the Amount Available for PO Recoveries for such Loan Group and (b) the sum of (A) the PO Deferred Amount for such Loan Group plus (B) the product of (i) the aggregate of the PO Recovery Shortfall for each of the 15-Year Loan Groups and (ii) a fraction, the numerator of which is equal to the PO Recovery Excess for such Loan Group and the denominator of which is equal to the aggregate PO Recovery Excess for each of the 15-Year Loan Groups.
Examples of PO Recovery in a sentence
It is important to note, all clients must first apply for and receive denial from Medicaid in order to receive an authorization for SUD funding. Releases of Information:o IDHW General Release Form, required form for all treatment and RSS providers (see Appendix A).o Releases of Information (ROI) for any other appropriate individuals to coordinate care (e.g. PO, Recovery Support Service providers, physician, etc.).
More Definitions of PO Recovery
PO Recovery. With respect to Recoveries on Discount Mortgage Loans, any Distribution Date and the Class PO Certificates, an amount equal to the lesser of (a) the PO Percentage of each Recovery on each Discount Mortgage Loan in Subgroup 1 and (b) the PO Deferred Amount for that Distribution Date.
PO Recovery. As to any Distribution Date prior to the earlier to occur of the Distribution Date in August 2008 or the Subordination Depletion Date, the lesser of (a) the PO Deferred Amount for such Distribution Date (calculated without regard to the PO Recovery for such Distribution Date) and (b) an amount equal to the sum as to each Mortgage Loan as to which there has been a Recovery during the Applicable Unscheduled Principal Receipt Period, of the product of (x) the PO Fraction with respect to such Mortgage Loan and (y) the amount of the Recovery with respect to such Mortgage Loan. As to any Distribution Date on or after the Subordination Depletion Date but prior to the Distribution Date in August 2008, the amount determined in accordance with clause (b) above. On and after the Distribution Date in August 2008, zero.
PO Recovery. As to any Distribution Date and Loan Group 1 and Loan Group 2, the lesser of (a) the PO Deferred Amount for the PO Component of the Related Group for such Distribution Date and (b) an amount equal to the sum, as to each Mortgage Loan in such Loan Group as to which there has been a Recovery received during the calendar month preceding the month of such Distribution Date, of the product of (x) the PO Percentage with respect to such Mortgage Loan and (y) the amount of the Recovery with respect to such Mortgage Loan received during the related Prepayment Period. As to any Distribution Date and Loan Group 3, the PO Recovery is zero.
PO Recovery. As to any Distribution Date and Loan Group 1, the lesser of (a) the PO Deferred Amount for the Class 1-PO Certificates for such Distribution Date and (b) an amount equal to the sum as to each Mortgage Loan in such Loan Group as to which there has been a Recovery received during the calendar month preceding the month of such Distribution Date, of the product of (x) the PO Percentage with respect to such Mortgage Loan and (y) the amount of the Recovery with respect to such Mortgage Loan. As to any Distribution Date and Loan Group 2, the PO Recovery is zero.
PO Recovery. As to any Distribution Date, the lesser of (a) the PO Deferred Amount for the Class 30-PO Certificates for such Distribution Date and (b) an amount equal to the sum, as to each Group 1 Mortgage Loan as to which there has been a Recovery received during the calendar month preceding the month of such Distribution Date, of the product of (x) the PO Percentage with respect to such Group 1 Mortgage Loan and (y) the amount of the Recovery with respect to such Group 1 Mortgage Loan received during the related Prepayment Period. Pool Cap: For any Distribution Date and the Overcollateralized Certificates, a per annum rate (subject to adjustment, in the case of the Class T2-A-2 Certificates, based on the actual number of days elapsed in the related Interest Accrual Period) equal to the weighted average of the Net Mortgage Interest Rates for the Group T2 Mortgage Loans, weighted on the basis of the Stated Principal Balances of the Group T2 Mortgage Loans as of the first day of the related Collection Period.
PO Recovery. (I) With respect to the Class 15-PO Certificates, any Recoveries on 15-PO Mortgage Loans, and any Distribution Date, an amount equal to the lesser of (a) the Amount Available for PO Recoveries for Loan Group 8 and (b) the sum of (A) the PO Deferred Amount for Loan Group 8 plus (B) the PO Recovery Shortfall for such Loan Group 8.
PO Recovery. As to any Distribution Date, the lesser of (a) the PO Deferred Amount for the Class 30-PO Certificates for such Distribution Date and (b) an amount equal to the sum, as to each Group 1 Mortgage Loan as to which there has been a Recovery received during the calendar month preceding the month of such Distribution Date, of the product of (x) the PO Percentage with respect to such Group 1 Mortgage Loan and (y) the amount of the Recovery with respect to such Group 1 Mortgage Loan received during the related Prepayment Period. Pool Cap: For any Distribution Date and the Overcollateralized Certificates, a per annum rate (subject to adjustment, in the case of the Class T-A-1A, Class T-A-2, Class T-A-3, Class T-A-4, Class T-M-2, Class T-M-3, Class T-M-4 and Class T-M-5 Certificates, based on the actual number of days elapsed in the related Interest Accrual Period) equal to (i) the weighted average of the Net Mortgage Interest Rates for the Group T2 Mortgage Loans, weighted on the basis of the Stated Principal Balances of the Group T2 Mortgage Loans as of the first day of the related Collection Period less (ii) 12 times the quotient of (a) the aggregate Net Swap Payment or Swap Termination Payment, if any, made to the Swap Providers (only if such Swap Termination Payment is not due to a Swap Provider Trigger Event (as defined in the related Interest Rate Swap Agreement)) and (b) the aggregate Stated Principal Balance of the Group T2 Mortgage Loans as of the first day of the related Collection Period.